Technical analysis AUDUSD for 09.12.2021
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.71775. The closest support is the level 0.71250
Key levels
- 0.73700, 0.72810, 0.72255, 0.71775, 0.71250, 0.70800, 0.70300, 0.69900
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.71775, with Take Profit of 0.71250 and Stop Loss of 0.72255
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.70800, with Take Profit of 0.70300 and Stop Loss of 0.71250
Scenario
Recommendation
SELL LIMIT
Entry Point
0.71775
Take Profit
0.71250
Stop Loss
0.72255
Key Levels
0.73700, 0.72810, 0.72255, 0.71775, 0.71250, 0.70800, 0.70300, 0.69900
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.70800
Take Profit
0.70300
Stop Loss
0.71250
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.